Oil Prices Sink Further As US, Iran Sign Deal To Reopen Hormuz

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Oil prices tumbled again Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end their war and reopen the Strait of Hormuz.

The news boosted optimism for a lasting peace between the two nations after more than three months of war that has rattled energy markets and fuelled a fresh spike in inflation.

However, the upbeat mood on trading floors was…

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